The S&P/TSX Composite Index (INDEXTSI:OSPTX) was buying and selling at 21,254.95 within the early morning final Friday (February 4). It closed the 5 day interval at 21,270.35.
The index was on observe for its finest weekly efficiency since December as power shares gained and oil costs hit seven 12 months highs on the again of provide issues. Wanting over to different commodities, gold and silver slipped on Friday because the US greenback strengthened after a US jobs report.
In opposition to that backdrop, a variety of corporations noticed their share costs enhance through the buying and selling week. Final week’s 5 TSX-listed mining shares that noticed the largest positive factors are as follows:
- Black Iron (TSX:BKI)
- Gear Power (TSX:GXE)
- Frontera Power (TSX:FEC)
- I3 Power (TSX:ITE)
- Athabasca Oil (TSX:ATH)
Right here’s a take a look at these corporations and the components that moved their share costs final week.
1. Black Iron
Black Iron is advancing its one hundred pc owned Shymanivske challenge in Kryvyi Rih, Ukraine, to manufacturing. The challenge is surrounded by 5 working mines, together with Metinvest and ArcelorMittal’s (NYSE:MT) iron ore advanced.
Final week, shares of Toronto-based Black Iron elevated 35.48 p.c to commerce at C$0.21. The corporate didn’t launch any information through the interval.
2. Gear Power
Calgary-headquartered Gear Power is an oil firm targeted on operations in three core areas: Lloydminster heavy oil, Central Alberta light-medium oil and Southeast Saskatchewan gentle oil.
This firm launched no information final week, however noticed its share worth enhance 31.2 p.c to C$1.64.
3. Frontera Power
Frontera Power is an explorer and producer of crude oil and pure fuel, with operations targeted in South America. The corporate has a diversified portfolio of belongings with pursuits in additional than 40 exploration and manufacturing blocks in Colombia, Peru, Ecuador and Guyana.
Final Monday (January 31), the corporate introduced a discovery on the Kawa-1 nicely within the Corentyne Block offshore Guyana. Shares of Frontera Power elevated 31.18 p.c to finish the week at C$13.
4. I3 Power
I3 Power is an oil and fuel firm with a low-cost, diversified and rising manufacturing base within the Western Canadian Sedimentary Basin; it additionally has appraisal belongings within the North Sea with important upside.
Final Thursday (February 3), the corporate introduced that it’s shifting from a bi-annual to a month-to-month schedule for its dividend funds. Shares of I3 Power elevated 30.61 p.c to commerce at C$0.32 by the top of final week.
5. Athabasca Oil
Alberta-based Athabasca Oil is concentrated on the event of thermal and light-weight oil belongings. Located in Alberta’s Western Canadian Sedimentary Basin, the corporate has a big land base of intensive, high-quality assets.
Final Wednesday (February 2), the corporate printed its preliminary 2021 12 months‐finish outcomes; it additionally introduced a US$25 million time period word compensation and an operational replace demonstrating momentum into 2022. Final week, Athabasca Oil noticed its share worth enhance 27.5 p.c to hit C$1.53.
Knowledge for five Prime Weekly TSX Shares articles is retrieved every Friday at 10:30 a.m. EST utilizing TradingView’s inventory screener. Solely corporations with market capitalizations better than C$50 million previous to the week’s positive factors are included. Firms throughout the non-energy minerals and power minerals are thought of.
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Securities Disclosure: I, Priscila Barrera, maintain no direct funding curiosity in any firm talked about on this article.
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